TechFlow news, on December 18, according to CoinDesk, Galaxy Research's latest report shows that the NFT market has started to recover since the U.S. election in November, with weekly trading volume reaching $172 million on December 2—the highest since May. Blur and OpenSea accounted for 60% and 27% of the total trading volume over the past 30 days, respectively.
Among popular NFT projects, the Pudgy Penguins ecosystem stood out, with floor prices for both the Pudgy Penguins and Lil Pudgys collections rising 206% and 265%, respectively. Analyst Gabe Parker noted that this recovery has been primarily driven by increased activity among the top 25 largest collections by market cap.
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